Cybersecurity stocks rallied strongly, with Palo Alto Networks jumping 13% and Zscaler and CrowdStrike soaring 15% each, as concerns about AI safety intensified. Rum Group surged 18% after The Information reported that Anthropic reached a six-year, $13.7 billion deal for computing power. Chip stocks fell, with Marvell Technology retreating nearly 6% and Nvidia easing about 3%, as industry leaders called for a slowdown in AI development. Elmet Group soared 36% following a $450 million investment from the U.S. Department of War to strengthen the tungsten supply chain.
Source: Read the original article
